TCG BDC, Inc. Aktie News

CGBD features an 11.5% yield and trades at a 16% discount to NAV. The recent merger with CSL III increased portfolio size, improved first-lien allocation, and eliminated preferred stock dilution overhang. Despite a slight NAV decline and rising non-accruals, portfolio quality remains solid and returns are in line with the sector average.

We take a look at the action in business development companies through the first week of June and highlight some of the key themes we are watching. BDC are flat year-to-date on average, with valuations below historical averages. Net investment income declines are sector-wide, driven by rate changes, not management issues; NII is expected to stabilize as rates have leveled off.

Small-cap stocks haven't been this cheap in decades. This valuation advantage gets interesting when we add big fat dividends and today, we'll discuss five cheap small caps yielding between 8.3% and 17.1%.

Carlyle Secured Lending's fundamentals remain solid, but rising non-accruals and shrinking net investment income raise concerns about portfolio health and dividend sustainability. Despite a 21% price drop and a 12.4% dividend yield, I maintain a hold rating due to ongoing NAV declines and limited earnings coverage for distributions. The portfolio's first lien, senior secured focus, and floating...

We take a look at the action in business development companies through the fourth week of May and highlight some of the key themes we are watching. BDC sector pulled back 2% this week, but remains up 2.5% month-to-date; valuations are about 5% below historic averages. Despite headlines of credit stress, BDC portfolios' interest income continues to offset markdowns and non-accruals, supporting s...

We take a look at the action in business development companies through the second week of May and highlight some of the key themes we are watching. The BDC sector remained flat on the week, with CGBD leading the decline. The median BDC valuation is at a 12% discount, making the sector attractive for new allocations. Net unrealized depreciation is a key theme this earnings season, driven by wide...

Carlyle Secured Lending Inc. (NASDAQ:CGBD ) Q1 2025 Earnings Conference Call May 7, 2025 11:00 AM ET Company Participants Nishil Mehta - Head of Shareholder Relations Justin Plouffe - Chief Executive Officer Tom Hennigan - Chief Financial Officer Conference Call Participants Finian O'Shea - Wells Fargo Securities Melissa Wedel - JPMorgan Operator Hello. Good day, and thank you for standing by.

Market volatility and higher interest rates make BDCs attractive for income investors, with Bain Capital Specialty Finance and Carlyle Secured Lending offering strong dividend coverage and potential upside. Bain Capital Specialty Finance shows solid portfolio growth, strong dividend coverage, and a favorable P/NAV ratio, despite slight declines in net investment income and top-line revenue. Car...